Paper of the week: Prompt2Model - Outperforms GPT-3.5 in NLP tasks for a fraction of the cost.

Cover Image for Paper of the week: Prompt2Model - Outperforms GPT-3.5 in NLP tasks for a fraction of the cost.
Dirk Breeuwer
Dirk Breeuwer

๐Ÿง  LLMs and their Capabilities: GPT-4, OpenAI's flagship model, has truly showcased the impressive capabilities of Large Language Models (LLMs). These models are particularly skilled at the following natural language processing (NLP) tasks:

  • Text Generation: Crafting coherent content over extended passages.

  • Translation: Converting text across languages.

  • Summarization: Boiling down lengthy texts into concise summaries.

  • Sentiment Analysis: Determining the sentiment behind texts.

๐Ÿšง Challenges with LLMs However, these powerful models come with inherent challenges:

  • Cost and Computation: Due to their need to process and generate vast amounts of information, LLMs, especially like GPT-4, are resource-intensive and expensive.

  • Affordability and Privacy: Many businesses can't afford to develop or run their own LLMs, leading them to third-party APIs, which may not always be budget-friendly or privacy-compliant.

  • Control and Precision: LLMs can be unpredictable. A minor change in input can lead to a significant shift in output.

๐Ÿš€ The Prompt2Model Solution: Prompt2Model, developed by Viswanathan, Zhao, Bertsch, Wu, and Neubig, emerges as a solution to these challenges. It promises precision for specific tasks without the associated high costs, computational demands, or unpredictability, making it an efficient, targeted approach for businesses.


โš™๏ธ How Prompt2Model Works: A Practical Example

๐Ÿ’พ The Challenge - Clean up thousands of product descriptions from crawled data: In my job at Google, we track prices of phones using web-scraped data. While crawling data is straightforward, deriving value from it isn't. Online product titles for a phone, like "Pixel 7", can vary wildly: "Brand new Google Pixel 7a", "Pixel 7a Unlocked", "Google's Latest Pixel 7a", or "Unboxed Pixel 7a Smartphone". These are all different titles for the same product model, "Pixel 7a". For accurate cross-retailer comparisons, this titles must be consistent.

๐Ÿ—ฟ Traditional Approaches Historically, businesses would have been able to solve this challenge through two main strategies:

  • Specialized NLP Model: This required collecting vast data, then training a modelโ€”a time-consuming, expensive process needing expert intervention.

  • General Models like GPT-4: Quick for prototyping, but potentially costly and lacking in precision for specific tasks.

๐Ÿค– The Prompt2Model Advantage With Prompt2Model, you can bypass these complexities. By simply instructing in plain English, e.g., "Your task is to process phone product names to extract the core model information", and providing a few-shot examples, Prompt2Model handles the rest, gathering datasets and training a model tailored to the need.


๐Ÿ”Prompt2Model Process Breakdown

  1. Task Translation: The Prompt2Model converts the plain English task description into a "hypothetical model description".

  2. Dataset Retrieval: It then sources existing labelled datasets apt for model training, let's say a named-entity dataset from Wikipedia.

  3. Custom Training Data: Next, it automatically generates specific training data for the business problem, e.g., input: "Brand new Pixel 7a" outputs "Pixel 7a".

  4. Model Acquisition: It follows to download a pre-trained model, such as renowned NLP models like Bert.

  5. Model Refinement: Finally, it fine-tunes the model with the datasets to ensure task-specific precision.

The end product is a model that can match or even surpass the performance of giants like GPT-3.5, in the narrowly trained task of cleaning product titles.


๐Ÿ”š๐Ÿ“Œ Conclusion

In conclusion, while Large Language Models like GPT-4 offer impressive capabilities, they come with challenges in cost, computation, and precision. The Prompt2Model solution provides a targeted approach to address these issues by essentially automating NLP model training. The results speak for themselves.

Don't get left behind! Dive in and discover what Prompt2Model can do for you...